Selling

A sell returns the market token and receives a listed Arc asset. The default is the market quote. TradeRouter can hop the quote into another Arc asset (for example USDC-raise into EURC) via MultiDex in the same transaction. On a live curve the fill is a sell into the bonding curve. After Ignition it is a pool sell. After expiry it is sell-only back through the curve.

Wick Standard does not let the creator pause sells. Holders need a defined exit on the curve, on the pool, and after expiry.

• Bonding — sell back into the curve via TradeRouter. That also frees Fair Start capacity for that wallet. Choose Receive in on the ticket to take the raise asset or another Arc asset.
• Igniting — sells can be closed while the pool is being created.
• Ignited — sell on the official AMM.
• Expired launches enter sell-only mode. New buys are disabled, but holders may sell back through the bonding curve.
• The same Preparing → Signing → Submitted → Filled / Failed states apply. After a fill or fail the ticket re-arms and leaves a receipt with status, quoted size, and an explorer hash.

A sell into a thin curve or a thin pool can move price sharply. Sell-only after expiry is not a two-sided book. Creators cannot pause sells, but the igniting state and wallet/RPC failures still can.

Check whether the market is bonding, igniting, ignited, or sell-only before you size a sell. Protocol “cannot pause sells” is about creator authority, not about every market state.